Wednesday, October 19, 2011

Indian firms & R&D

If you have been lucky enough to travel across Africa you would have noticed a rising Indian entrepreneurial footprint across the continent. TATA, Ashok Leyland, Bajaj, TVS, Airtel all have made significant roadways into Africa & these are just the visible brands which you see on the streets and or on television. The invisible small and medium scale entrepreneurs too have made major contribution towards soft Indian diplomacy. I feel proud to spot home grown businesses abroad. As Indian economy gains steam in this decade I expect more and more Indianess to spread across the world & not just Africa. Unlike other counties (CHINA) who promote their companies abroad Indian businesses are promoting Indian agenda on behalf of the government.

India already is one of the biggest exporters of brain but still lacks world class engineering and non engineering products to compete with Western and Japanese goods. We are not able to pioneer new technologies like the Americans, British, Germans and Japanese. I hope our major brands will increase their R&D and prepare themselves to compete with the international majors.

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